By Cynthia Ezekwe
Despite the economic uncertainties that constrained business operations in the 2022 financial year, Linkage Assurance Plc recorded positives in its performance indices, as its gross written premium (GWP) increased by 16 percent to N12.98 billion from N11.16 billion it recorded in 2021.
The underwriting firm also recorded N506.162 million underwriting profit, a growth of 120 percent when compared with the figure in 2021.
Linkage Assurance also saw income from investment after a successful underwriting, and strengthened its bottom line with Profit Before Tax (PBT) of N2.696 billion, and Profit After Tax closing at N2.567 billion.
Also, total assets at the end of the year under review stood at N39.998 billion, a three percent increase from N38.710 billion recorded in the previous year.
Daniel Braie, managing director/CEO, Linkage Assurance Plc, while commenting on the performance of the company said the underwriting firm has continued to pay attention to customer satisfaction through excellent service delivery and prompt settlement of all genuine claims.
He noted that the company is focused on maximising its potential in key segments of the market where it plays strongly and would continue to ensure it creates value for its teaming shareholders.
“As an organisation, we shall continue to refine our strategy in line with our strategic focus for the year and theme. Our theme for 2023 is ‘Consolidation’, and this informs our strategic intent along the four pillars of business growth, operational excellence, financial excellence, and customer & people,” the CEO said.
Braie also stressed that the company has identified a strategic focus, which will guide it as a compass in her quest to navigate through the highly competitive insurance market to increase market share in the most profitable sectors and offer excellent customer experience to all its clients., adding that the company will leverage technology as part of digital transformation initiatives, and improve its products and services.
